Woolies bought out in Leicester
Published: 22 June, 2006
Page 1
Woolworths is pulling out of a major city for good - because of an offer it "could not refuse."
The 25,893 sq ft, two-storey store in Leicester's Haymarket shopping centre was one of the largest shops in the city centre. The company says it has no plans whatsoever to re-locate to another part of the city.
A Woolworths spokesman said: "The performance of the store was not bad, and it was doing well. But we were offered a deal by the landlord that we could not refuse."
ING Britannica - which bought the Haymarket Centre two years ago - refused to say what deal was offered or reveal what will happen to the store.
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